Termination of Membership. No Member shall resign or withdraw from the Company except that, subject to the restrictions set forth in Article 11, any Member may Transfer its Interest in the Company to a transferee and a transferee may become a Member in place of the Member assigning such Interest.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement (Jefferies Financial Group Inc.), Purchase and Sale Agreement (Leucadia National Corp)
Termination of Membership. No Member shall resign or withdraw from the Company except that, subject to the restrictions set forth in Article 11terms of the Transaction Documents, any Member may Transfer its Interest in the Company to a transferee and a transferee may become a Member in place of the Member assigning such InterestMember.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Wayfair Inc.), Limited Liability Company Operating Agreement (Wayfair Inc.)
Termination of Membership. No Member shall resign or withdraw from the Company except that, subject to the restrictions set forth in Article 118, any Member may Transfer its Interest in the Company to a transferee and a the transferee may become a Member in place of the Member assigning which transferred its Interest. If any Member ceases to be a Member for any reason, the business of the Company may be continued by the remaining Members (so long as there are two such Interestremaining Members) as provided in clause (b) of Section 11.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New England Electric System)
Termination of Membership. No Except as explicitly provided elsewhere herein, no Member shall resign or withdraw from the Company except that, subject to the restrictions set forth in Article 11, any Member may Transfer its Interest in the Company to a transferee and a transferee may become a Member in place of the Member assigning such Interest.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Golden Queen Mining Co LTD)
Termination of Membership. No Member shall resign or withdraw from the Company except that, subject to the restrictions set forth in Article 11X, any Member may Transfer its Interest in the Company to a transferee and a transferee may become a Member in place of the Member assigning such Interest.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New York REIT, Inc.)
